VIVACON AG sells 489 units with a transaction volume of approximately EUR 26m to WIAG AG
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real estate
Today, VIVACON AG (ISIN 000604 8911) sold a further residential real estate portfolio to the WIAG Wohnimmobilien AG (WIAG) Joint Venture. The total portfolio consists of 489 residential and commercial units with a total living space of 31,800 sqm. The units are located in North Rhine-Westphalia and Saarland. The transaction is structured in the form of a sale of shares in special purpose vehicles.
The transaction volume amounts to approximately EUR 26m in total. VIVACON´s share of the annual ground lease payments is expected to amount to c. 73,000 EUR. Including today´s transaction, the total number of owned units by WIAG AG amounts to more than 4,800 units.
end of announcement euro adhoc
Further inquiry note:
Sven Annutsch
Head Investor Relations & Corporate Finance
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de
Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / regulated dealing